MicroStrategy Acquires 18,300 Bitcoins
MicroStrategy has added 18,300 Bitcoins to its already valuable assets.
According to Executive Chairman Michael Saylor’s post on Friday, the new purchases were made at an average price of $60,408 per token, bringing the company’s total BTC holdings to 244,800.
With an average purchase price of $38,585 per Bitcoin, the cost basis for MicroStrategy’s holdings is now worth $9.45 billion. At the current market price of approximately $58,000, the company’s Bitcoin stack is estimated to be valued at $14 billion.
Saylor also shared that the company has achieved a BTC yield of 4.4% so far this quarter and 17% year-to-date on its holdings.
The BTC yield is a term coined by MicroStrategy to describe the percentage change in the ratio between the company’s Bitcoin holdings and its diluted outstanding shares over a specific period of time.
